Cost of Living & Housing in Louisville
Louisville's cost of living centers on genuinely affordable housing and a property tax rate that matches Mississippi's own genuinely low statewide figure.
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Learn moreGenuinely affordable housing
One 2026 source cites a median home value of approximately $90,000 for Louisville, well below Mississippi's own statewide figures -- confirm current, address-specific pricing directly with a local agent (base record).
A 0.65% effective property tax rate, matching the state figure
Louisville's own 0.65% effective property tax rate (Ownwell) matches Mississippi's genuinely low statewide figure and Winston County's own 0.66% figure, standing out from the state's already-favorable picture in neither direction (base record).
Mississippi's flat 4.0% income tax and full retirement-income exemption
Mississippi's real, current individual income tax is a flat 4.0% rate for tax year 2026, with qualified retirement income -- Social Security, 401(k)/403(b), IRA, and pension income -- fully exempt from state tax (base record).
Confirm current rent and insurance costs directly
A reliable, city-specific median rent figure was not found with confidence this pass, and given Louisville's own documented 2014 EF4 tornado history, confirm current homeowners-insurance quotes directly with a carrier rather than assuming the statewide average applies unadjusted (base record).
Key takeaways
- Louisville's housing runs genuinely affordable: approximately $90,000 median home value per one 2026 source.
- Louisville's 0.65% effective property tax rate matches Mississippi's own genuinely low statewide figure.
- Mississippi's flat 4.0% income tax and full retirement-income exemption apply in Louisville as they do statewide.
- Confirm current rent figures and homeowners-insurance quotes directly, given the area's documented 2014 tornado history.
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